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Which statement is accurate in relation to the contraction stress test (CST) ?
Adjusting Journal Entries
Entries made in the accounting records to correct errors or allocate income and expenses to the correct periods.
Journal Entry Icon
A graphical representation or shortcut in software, used to access the feature where financial transactions are manually recorded.
Trial Balance
A bookkeeping report that lists the balances of all ledgers and accounts to check that debits equal credits in the double-entry accounting system.
Adjustments
Adjustments in accounting refer to entries made in journal accounts at the end of an accounting period to correct and allocate incomes and expenditures accurately.
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